OIL IS UP NEXT ONE IS GOLD

As previously mentioned the OPEC deal has been agreed. What it really means is that members have agreed to agree on some kind of a deal that we do not have all the details.

Will oil continue to climb: yes but this could be a maybe as details have not yet emerged.

Next one is gold with the recent events at the deutsche bank that could send markets on a downward spiral.

Time will tell but i expect a great increase in gold value and add in a survey showing that Mr. Trump takes the lead, it could create a small storm into the markets.

Have fun

interest rate: hike or not ?

I believe there will not be a hike until December as reports from USA do not suggest any base for a hike in September and anything els is only fear and rumors.

Only a guess but.....i would be greatly surprise if FED was to hike interest until then.

ALERT ALERT MAJOR OIL DRAW

If report is true, tomorrow morning report of oil inventory will indicate a draw over 10M barrels in a week.

If that is to be true, then expect violent stock price movement until  the  report  is  official  around   11 A.M.

This could be the largest draw since 1985

Stay tune for official news.

Gold: where is the bottom

Gold is on a freefall and volatility is high.

Expect perturbations with rapid price movement for the coming months.

If September 2nd job report is under expectation (under 175,000) gold could rebound rapidly in a close to violent move as it could signal not intérêts hike until end of December and a drop in US dollar value.

As of now, stock also tend to take for granted that elections winner will be Hilary Clinton. Now what would happen is Donald Trump was to take lead in some areas???

My take is that August job report has never been that good so i expect a job report under expectation.

Expect high volatility and have fun